The Nigeria Customs Service (NCS), Lilypond Export Command (LEXC) says it processed 405.979 metric tons of export with free-on-board value at $979.3 million in third quarter (Q3) of 2024. The Customs Area Controller of the command, Ajibola Odusanya, disclosed this at a news conference in Lagos. Odusanya said that the command also processed 86,783 metric…
Minister of Aviation and Aerospace Development, Chief Festus Keyamo has canvassed innovative funding models, including concession, joint ventures, public private partnership (PPP), management contracts and other interventions that will accelerate the growth and development of the aviation sector. Besides, Keyamo also called for innovative financing models that go beyond waiting for the Federal Government to…
The Federal Inland Revenue Service (FIRS) has introduced a new Unstructured Supplementary Service Data (USSD) code, *829#, designed to enhance taxpayer satisfaction and streamline tax-related services. The code was launched on Wednesday by FIRS Chairman Zacch Adedeji at the Revenue House in Abuja, as part of the 2024 Customer Service Week celebrations themed “Above and…
President of Azikel Group, Dr. Azibapu Eruani, has said the key objectives of the Azikel Petroleum Refinery are to enhance the value of Nigerian crude oil, create employment opportunities and contribute to both the local and national economy. He spoke during the visit by Bayelsa State Governor, Senator Douye Diri. He said the completion of…
California-based ApertureData has closed its oversubscribed seed round at $8.25million for a purpose-built database for multimodal Artificial Intelligence (AI). In the race to adopt multimodal AI systems capable of processing, understanding, and generating text, videos, and images, enterprises are running into a “data crisis”. They have plenty of data assets to work with, but most…
The Chief Executive Officer of 9mobile, Obafemi Banigbe, has emphasized the critical role of technology, agriculture, manufacturing, and creative sectors in driving Nigeria’s non-oil export growth. Speaking at the 2024 BNI National Business Conference in Abeokuta, Ogun State, Banigbe stressed the importance of diversifying the economy through these key sectors. He said: “Nigeria’s overdependence on…
Nigeria’s technology giant, Zinox Group, has restated its commitment to deepening the existing partnership with Chinese original equipment manufacturer (OEM), Huawei Technologies. Chairman of Zinox Group, Mr. Leo Stan Ekeh, who gave the commitment in Lagos while being presented with the new HUAWEI Mate XT, commended the OEM for its continued innovation and roll out…
Nigeria’s Foreign Direct Investment (FDI) for the second quarter of 2024 has dropped to $29.83 million, marking the lowest level recorded based on available data up to 2013. This is according to data from the latest capital importation report by the National Bureau of Statistics (NBS). The FDI figure represents a steep decline of 65.33per…
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo (SAN), says current reforms in the sector will ensure an efficient and investor-friendly aviation industry. Keyamo made the assertion on Wednesday in Lagos at the Nigeria Civil Aviation Authority (NCAA) South-West Regional Air Transportation Summit (SWRATS) 2024. The summit had the theme: “Repositioning the Nigerian…
